stag

a person who subscribes for a new SHARE ISSUE by applying for a large number of shares in the hope that the demand for new shares exceeds the number being issued and that this will lead to an increase in the share price when they are first transacted on the STOCK MARKET. Stags are speculators who buy shares to make a quick profit rather than as long-term investors.

stag

a SPECULATOR in fixed-price new SHARE ISSUES who subscribes for large numbers of shares in anticipation of OVERSUBSCRIPTION and a rapid rise in the share price once dealings commence. This enables him to sell his shares for a quick profit.

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